chart indicates a bounce, page-5

re: huntley analyst should be sacked l have been following CEY for years, and this is the way it goes - when it dipped below $2 l bought, and it fell to $1.60, then when it fell below $3 l bought and it fell to $2.60, now it will fall below $4 and that will be good buying.
fact is that both the thermal + coking coal will hold up next year, so CEY will not suffer like MCC is now. Most of the thermal is long term contracts but l think it will take a while for the coking prices to be realized out of Tahmoor because of the pre existing contracts made by Austral. It will be critical to get output up to 4 mil ton pa but port Kembla is looking good.
As for Huntleys, please remember that any valuation figure will have a +/- 30% volatility attached, which means that sub $4 is quite within normal parameters. Its just a matter of being patient